Karachi: The exports during the month of August, 2011 declined by 10.85% to USD 1.964 billion while the imports witnessed modest increase at USD 3.806 billion up by 3.17% as compared to July, 2011. According to Alfalah Securities Limited, the trade deficit stood at USD 1.842 billion higher by 23.96% …
Read More »Urea shortage on the verge in Rabi season – Alfalah Securities Limited
Karachi: The fertilizer sector is facing continuous fears of urea shortage in the upcoming Rabi season, owing to surging gas curtailment which has hampered urea production in the country. According to Alfalah Securities Limited, at present, the fertilizer sector is getting a gas supply of only 175 mmcfd which is …
Read More »Pepco abandons payment to nine IPPs – Alfalah Securities Limited
Karachi: The Pakistan Electric Power Company (Pepco) has abandoned payment of dues to nine Independent Power Plants (IPPs) on account of their decision over the issuance of sovereign guarantee notices to the Government of Pakistan for not resolving the circular debt issue. According to Alfalah Securities Limited, these IPPs include …
Read More »AKD Quotidian about — POL: FY11 Result Preview
Karachi: Pakistan Oilfields is scheduled to announce its full year FY11 result on Monday 11th September, 2011. According to AKD Securities expects the company to report NPAT of PkR10.9bn versus NPAT of PkR7.4bn in the corresponding period last year. The result translates into an EPS of PkR46.20 against an EPS …
Read More »Sensitive Price Index increases by 16.3% – Alfalah Securities Limited
Karachi: The weekly inflation measure SPI (Sensitive Price Index) registered an increase of 16.3% as of August 30, 2011 on YoY basis, owing to a hike in food and energy prices. According to Alfalah Securities Limited, the reasons witnessed for a sharp hike in weekly inflation was due to lack …
Read More »Pakistan Steel to produce steel from Coke – Alfalah Securities Limited
Karachi: Pakistan Steel Mill Corporation (PSMC) has been successful in utilizing coke for the production of steel, obtained from a by-product of coke breeze. According to Alfalah Securities Limited, Pakistan steel has been facing a shortage of raw materials as the import of coke was not viable in the country …
Read More »GoP likely to charge full cost of PkR 14.50/unit for 300-700 units consumption – Alfalah Securities Limited
Karachi: The government is likely to charge full power generation cost of PkR 14.50 for 300 to 700 units consumers on account of surging problem of circular debts for power generation companies. According to Alfalah Securities Limited, the consumers of 300-700 units are currently being charged at PkR 10.55/unit which …
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